Dutch Bros Inc. (NYSE:BROS) Shares Bought by Qsemble Capital Management LP

Qsemble Capital Management LP lifted its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 306.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,019 shares of the company's stock after acquiring an additional 24,897 shares during the quarter. Qsemble Capital Management LP's holdings in Dutch Bros were worth $1,058,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the 3rd quarter worth approximately $224,461,000. Vanguard Group Inc. grew its holdings in Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company's stock valued at $211,604,000 after buying an additional 1,661,778 shares during the last quarter. Marshall Wace LLP grew its holdings in Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company's stock valued at $164,042,000 after buying an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC increased its position in Dutch Bros by 11.0% during the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company's stock worth $92,953,000 after buying an additional 222,650 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock worth $64,715,000 after acquiring an additional 741,771 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BROS has been the topic of a number of analyst reports. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Robert W. Baird increased their price target on Dutch Bros from $37.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $47.30.

Dutch Bros Stock Down 1.5 %

NYSE:BROS traded down $0.82 during mid-day trading on Wednesday, reaching $52.15. The stock had a trading volume of 213,537 shares, compared to its average volume of 2,826,993. The stock's 50 day simple moving average is $37.96 and its two-hundred day simple moving average is $36.93. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $53.29. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 182.66, a price-to-earnings-growth ratio of 4.16 and a beta of 2.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business's revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. Equities analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares of the company's stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the transaction, the insider now directly owns 512,300 shares of the company's stock, valued at approximately $16,593,397. This trade represents a 26.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,065,467 shares of company stock worth $35,434,372. 46.50% of the stock is currently owned by insiders.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.